Ahead of 4G services launch, Reliance Jio Infocomm said it will raise Rs 15,000 crore through rights issue to its existing shareholders.
The company which has invested over Rs 1 lakh crore in Jio, said that the board approved the decision on Monday.
Reliance Industries in a stock exchange regulatory filing said that the board approved a further issue of 15 billion equity shares of Rs 10 each totaling to Rs.15,000 crore to existing shareholders.
[source]
NextBigWhat brings you curated wisdom from the web and here is a threadstorm by Prashant on understanding the NBU consumer behavior, which brings an interesting perspective on consumption behavior. » For context, do read the earlier threadmill : How the Next Billion Users Use Products and...
Presenting the most beautiful thread you will read today: The Executive Editor of New York Times got a call at 11.45 pm, minutes after he finally managed to to sleep, at the end of a day littered with depressing events. “Damn!”, he said, “what’s it now?” + “Sir...
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